Newport Symphony Orchestra
- Assets
- $1.0m
- Revenue
- $250.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Newport, OR
- Founding
- 02/1994
- Data as of
- 07/2021
- EIN
- 93-1013951
Organization Overview
Newport Symphony Orchestra is located in Newport, OR. The organization was established in 1994. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2021, Newport Symphony Orchestra employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newport Symphony Orchestra is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2021, Newport Symphony Orchestra generated $250.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $158.8k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE IN OREGON'S COASTAL COMMUNITIES WITH DIVERSE, INSPIRING PERFORMANCES AND ENGAGING EDUCATIONAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION OF MUSICAL PERFORMANCES INCLUDING THE NEWPORT SYMPHONY SEASON, THE SUMMERFEST, AND FOURTH OF JULY COMMUNITY CONCERT
SPONSOR YOUTH ORCHESTRA SEASON AND MUSIC DAYCARE
DONATION TO OREGON COAST COUNCIL FOR THE ARTS FOR THEIR CAPITAL CAMPAIGN TO IMPROVE AND UPDATE EXISTING SOUND AND LIGHTING SYSTEMS; IMPROVE AND EXPAND PUBLIC SPACES INCLUDING THE LOBBY, BATHROOMS AND CONCESSIONS; AND IMPROVE THE USE AND FLEXIBILITY OF THE STUDIO THEATER, BACKSTAGE AREAS AND GREEN ROOM OF THE NEWPORT PERFORMING ARTS CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Gray President | OfficerTrustee | 4 | $0 |
Melody Lavrakas Vice Preside | OfficerTrustee | 2 | $0 |
Michael Meagher Treasurer | OfficerTrustee | 4 | $0 |
Adrienne Welsh Secretary | OfficerTrustee | 3 | $0 |
Sioux Boston Director | Trustee | 2 | $0 |
Ken Combs Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,244 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $185,784 |
| Total Program Service Revenue | $12,255 |
| Investment income | $49,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $180 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $249,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,623 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,600 |
| Payroll taxes | $7,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,583 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,201 |
| Advertising and promotion | $10 |
| Office expenses | $6,144 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,781 |
| Travel | $3,737 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,884 |
| Insurance | $3,139 |
| All other expenses | $2,342 |
| Total functional expenses | $158,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,602 |
| Savings and temporary cash investments | $481,139 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,122 |
| Investments—publicly traded securities | $360,984 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,741 |
| Other assets | $19,086 |
| Total assets | $1,008,674 |
| Accounts payable and accrued expenses | -$1,147 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $35,084 |
| Other liabilities | $275 |
| Total liabilities | $34,212 |
| Net assets without donor restrictions | $748,396 |
| Net assets with donor restrictions | $226,066 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,008,674 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Newport Symphony Orchestra has recieved totaling $53,094.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: Music | $44,847 |
James F And Marion L Miller Foundation Portland, OR PURPOSE: GENERAL OPERATING SUPPORT 20202021 | $8,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $47 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Musicares Foundation Inc Santa Monica, CA | $28,828,154 | $32,357,649 |
San Francisco Jazz Organization San Francisco, CA | $64,965,614 | $11,913,007 |
Music Concourse Community Partnership San Francisco, CA | $31,271,076 | $4,428,131 |
Berkeley Music Group Berkeley, CA | $6,181,022 | $4,579,247 |
Kronos Performing Arts Assn San Francisco, CA | $1,591,460 | $2,774,082 |
Monterey Jazz Festival Monterey, CA | $3,593,346 | $4,129,138 |
Mosier Community School Foundation Inc Mosier, OR | $3,936,713 | $2,235,279 |
Carmel Bach Festival Inc Carmel, CA | $1,675,160 | $2,099,477 |
Seattle Chamber Music Festival Seattle, WA | $3,300,530 | $1,735,052 |
Camerata Pacifica Santa Barbara, CA | $1,526,106 | $1,221,933 |
American Bach Soloists San Francisco, CA | $908,845 | $1,282,181 |
Music For Minors Inc San Carlos, CA | $710,130 | $1,519,051 |